Short LIC Housing Finance Short LIC Housing Finance on basis of
1. Double top with Negative Divergence of RSI
2. Price Respect the Channel!
Stop and Target are mentioned in charts
LICHSGFIN trade ideas
LIC HOUSING (Daily Chart): NEUTRALLIC Housing is trading in the range and it has maintained a strong resistence levels at 290-295. In last few trading sessions, everytime the stock corrects from those levels. As History repeats, we can short the stock at current levels with a strict stoploss of 300, Target open at lower side.
LICHSGFIN breaking channel structureLICHSGFIN is breaking the channel structure on the hourly chart and going up.
Stochastic RSI is also indicating the strength.
LIC Housing Finance LIC Housing finance is near to its top of the channel and can see reversal. Entering over brought zone
Buy/ Sell levels specified on the chart
Note: Do your own analysis before taking trade
Good time to go Long 50 EMA will act as a resistance for the short term.
Once 20 EMA crosses above 50 EMA will see some good up move.
Good time to hold for Long term.
LICHSGFIN BEARISH ENGULFING PATTERN SL 248 TARGET 238LICHSGFIN BEARISH ENGULFING PATTERN SL 248 TARGET 238
BUY LICHSGFIN- TARGET 270 , 278
- STOPLOSS 242
- TRADING IN A RECTANGLE AND CURRENTLY IN A STRONG SUPPORT LEVEL.
Short Term SellLICHsg looks like its gonna be retesting the lows once again. The whole structure on the left looks corrective upside and now there is a consolidation which on a break out, can go towards the lows. This looks like a good term short sell opportunity. The risk reward is decent too.
** This is not a trade advise**
LICHSGFIN - trading in channelLICHSGFIN is trading with in channel based on daily time frame.
Based on current market trend, incase if breaks channel we can capture possible short oppertunity.
Keep to watch list
BEARISH GARTLEY #LICHSFINapproaching again in PRZ level lets see now i will find clue of reversal pattern again in 15min chart...once i enter will update in comment section..
Good House, Good Living (Quarantine Side Effects)Weekly Char showing Double Bottom (Line Chart) and RSI Divergence, Both.
A demand of good house and and good living may increase during self isolation or home quarantine.
This may increase the House Loans among people.
People may prefer Govt Company rather than Private Company
PMA (30-03): 15 MIN S/R (209/250)In LICHSHFIN Support Price : 209 and Resistance Price : 250.85
SELL AT HIGH & BUY AT LOW
LIC HEAD AND SHOULDERS BUY OPPORTUNITYLIC IS FORMING POTENTIAL BULLISH HEAD AND SHOULDERS IN M-15, WHICH GIVES US SHORT TERM LONG OPPORTUNITY.
BUY ENTRY: 252-240
STOPLOSS: 224
TARGET: 290-295 (RETEST OF RECENT STRUCTURE HIGH.)
LICHSGFIN can bounce to good 450 lvl in coming days After heavy breakout co- relating the coronovirus , it can bounce from these level to 420 ++
